Under Armour (UA) Misses Q2 EPS by 1c
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Under Armour Reports Second Quarter Net Revenues Growth Of 28%; Reiterates Full Year Net Revenues Outlook Of $4.925 Billion
July 26, 2016 7:01 AM EDTBALTIMORE, July 26, 2016 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UA.C) today announced financial results for the second quarter ended June 30, 2016. Net revenues increased 28% in the second quarter of 2016 to $1.0 billion compared with net revenues of $784 million in the prior year's period. Operating income decreased 39% in the second quarter of 2016 to $19 million, inclusive of a $23 million impairment related to the liquidation of Sports Authority, compared with $32 million in the prior year's period. Net income decreased 58% in the second quarter of 2016 to $6 million compared with $15 million in the prior year's period. For the second quarter of 2016 the... More
